RE:RE:Comment on upcoming board option grantsThanks Socrates1. The issues that I raised in that post would NOT actually make for a good question at the AGM. Whether it will be Mr. Lewis (lead director) or Mr. Gillberry (interim CEO) who runs the post-election review-of-company part of the meeting, there would be nothing they'd be able to say in response. The best answer you could get would be "the board will consider it, etc."
Don't worry. The people at the top will be aware of that post--already or soon enough. I'm fine to concede the obvious, that I was deliberately using this board as a vehicle to speak directly to board members and top management. But I also think it was entirely appropriate that I used this public communication pathway (rather than going through IR) because these are (option-grant) issues that any shareholder could, in theory, figure out on their own.
What I would NOT want is the CFO or Corporate Secretary comes to the board and simply informs them of the size of the option grant based on an established formula--and then it is approved without the issues I've raised being entirely thought through. It could happen without board members having any dishonourable intentions.
My hope is that the AGM will be allowed to focus on the positive aspects of this story. And I believe there are many. Using the meeting as a forum to openly gripe about the share price will not serve any good purpose. The board members and interim CEO already know that things could have been done better. There's no point or upside in trying to rub it in their faces.